Bio Vanillin Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
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Bio Vanillin Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
The worldwide bio vanillin market is anticipated to surpass USD 226 million by 2024 . Applications in premium products , like perfumes and food & beverages can boost the market over the forecast period ( 2016-2024 ). Bio vanillin is used extensively in medicines and foods because it can effectively prevent any bitter taste . Application in areas , such as cosmetics , pharmaceuticals , and food & beverages will catapult demand in the forthcoming years .
The support and encouragement of food regulatory authorities in North America and Europe will impact the market positively . These authorities have identified ingredients that are obtained as naturally derived products from microbial processing . Regulatory standards that discourage synthetic products may encourage industrial demand . Additionally , customer awareness and growing popularity could fuel demand for bio vanillin during the forecast period .
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